Talking Stocks 2.0

[AshCashEmAll]

Originally Posted by jpeezy14@hotmail.com

What a close...on no real good news. Definitely an interesting day.

Very interesting and sooner than I expected. I was anticipating a bounce back closer to when the new stimulus passes.


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[beshannon]

Originally Posted by jpeezy14@hotmail.com

What a close...on no real good news. Definitely an interesting day.

Originally Posted by AshCashEmAll

Very interesting and sooner than I expected. I was anticipating a bounce back closer to when the new stimulus passes.


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Yes very strange day, I am not liking the technicals in the short term and may take more profits tomorrow

[RyanO]

Definitely an interesting day. I was expecting more downside, at least near term. Anyone else interpret the move today as somewhat bullish? It seems that this support around 2790 wants to hold.


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[logo]

Originally Posted by RyanO

Definitely an interesting day. I was expecting more downside, at least near term. Anyone else interpret the move today as somewhat bullish? It seems that this support around 2790 wants to hold.


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I'm not sure I can ascribe a trend to what transpired the past 3 days. Confusion mostly. Tech overvalue has come down, but not enough IMO. Financials gained, but why (and why haven't they come up previously?)? All I know is at 10:00am today, the entirety of the market almost simultaneously said nope, no lower today without any news to cause that. That's unsettling.

[cornerstore]

The Algorithm Bots trade on technicals of past and hypothetical future performance against relative industry values, move a couple stocks in either direction and move the group. There is very little regard for macro issues. Not to forget all the corporate debt being bought up in the bond etf markets. So for now a floor until more human interactions resume and less programmed trading occurs. My bet is January until the macro picture emerges.

[RyanO]

Originally Posted by logo

I'm not sure I can ascribe a trend to what transpired the past 3 days. Confusion mostly. Tech overvalue has come down, but not enough IMO. Financials gained, but why (and why haven't they come up previously?)? All I know is at 10:00am today, the entirety of the market almost simultaneously said nope, no lower today without any news to cause that. That's unsettling.

I agree. A strange few days of trade for sure. There were a few names that were trading at prices that were terribly tempting this morning, but I felt that since we had broken key support, we might head towards 2650 short term, so I decided to wait to deploy any capital.

I almost posted earlier today that I think we’re heading for more selling, which the rest of market participants would be prudent to read as a buy signal as I’m usual 100% wrong when it comes to market timing.

One thing I will say is that market sentiment seems to be incredibly bearish. Maybe for good reason, but we have an unprecedented amount of stimulus which may prevent the market from seeing a retest of the March lows which many are calling for.

I just don’t understand why one day financials are toxic (however arguably undeserved), and the next they lead a major market reversal.


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[trippinjimmy]

So, I was looking for after hours trading/futures, and this pops up...anyone know how an article from yesterday has today’s closing numbers???



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[cornerstore]

Originally Posted by RyanO

I agree. A strange few days of trade for sure. There were a few names that were trading at prices that were terribly tempting this morning, but I felt that since we had broken key support, we might head towards 2650 short term, so I decided to wait to deploy any capital.

I almost posted earlier today that I think we’re heading for more selling, which the rest of market participants would be prudent to read as a buy signal as I’m usual 100% wrong when it comes to market timing.

One thing I will say is that market sentiment seems to be incredibly bearish. Maybe for good reason, but we have an unprecedented amount of stimulus which may prevent the market from seeing a retest of the March lows which many are calling for.

I just don’t understand why one day financials are toxic (however arguably undeserved), and the next they lead a major market reversal.


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As I mentioned above it’s the unprecedented Fed move into the corporate bond market a couple days ago . They are putting a floor under the markets and likely causing a lot of churning and rotations.

https://www.marketwatch.com/story/th...ean-2020-03-23

[scarlet knight]

I have no idea what is going on. I have managed my own portfolio since 1987. I will say the job losses, spending shut downs and business closures are bad for the real economy. OTOH, cases are falling, states are reopening and I do think the virus doesn’t like heat and humidity. Sally bar the door if there is a big second wave in the fall.

[Mifune]

...

[Mifune]

Originally Posted by Magnum75

I believe there's a separate thread for that in this forum.

Thanks to those that contribute regularly here. I enjoy this thread as I did the original "Talking stocks..." discussion.

sorry... didn't see that.
would have been nice to have an INVESTING thread since it IS all intertwined... commodities, stocks, real estate etc...

[beshannon]

Originally Posted by Mifune

sorry... didn't see that.
would have been nice to have an INVESTING thread since it IS all intertwined... commodities, stocks, real estate etc...

You are certainly welcome to start any thread you wish that does not violate the rules of the forum.

Just like subforums for different watch brands this is a stock thread.

[JParm]

COVID has changed my outlook on a few stocks, namely BYND and PTON. I've previously stated (in jest...maybe) that I would never buy into BYND due to being a carnivore, but obviously it presents an intriguing investment due to meat shortages and recent deals, such as with Starbucks.

My question is whether the COVID superstars like BYND, PTON, TWLO, etc. will be affected as much as other stocks, should there be a selloff? Will they be thrown to the wolves like everything else, or will they continue to rise as they have throughout this entire ordeal?

[RyanO]

Originally Posted by jpeezy14@hotmail.com

COVID has changed my outlook on a few stocks, namely BYND and PTON. I've previously stated (in jest...maybe) that I would never buy into BYND due to being a carnivore, but obviously it presents an intriguing investment due to meat shortages and recent deals, such as with Starbucks.

My question is whether the COVID superstars like BYND, PTON, TWLO, etc. will be affected as much as other stocks, should there be a selloff? Will they be thrown to the wolves like everything else, or will they continue to rise as they have throughout this entire ordeal?

Not sure I can help there, but a question I’ve been asking myself is will those companies that are thriving so well during the Covid economy continue to do so when we do return to a semblance of normalcy? Perhaps some will, but others may lose some momentum.


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[JParm]

Originally Posted by RyanO

Not sure I can help there, but a question I’ve been asking myself is will those companies that are thriving so well during the Covid economy continue to do so when we do return to a semblance of normalcy? Perhaps some will, but others may lose some momentum.


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I don't think it's a bad idea to invest short term in these stocks and take the gains while they're there.

Do I plan on holding onto PTON for longer than a year or so? Probably not, unless it shows that it has the capacity to continue with the growth shown over the last few weeks.

It's not a fire and forget stock like a DIS or FB, but I'm an active investor and can pull the plug when needed.

[beshannon]

Originally Posted by jpeezy14@hotmail.com

COVID has changed my outlook on a few stocks, namely BYND and PTON. I've previously stated (in jest...maybe) that I would never buy into BYND due to being a carnivore, but obviously it presents an intriguing investment due to meat shortages and recent deals, such as with Starbucks.

My question is whether the COVID superstars like BYND, PTON, TWLO, etc. will be affected as much as other stocks, should there be a selloff? Will they be thrown to the wolves like everything else, or will they continue to rise as they have throughout this entire ordeal?

Depends on how many people like you believe in a long term story, even if there is a selloff people will buy back and hold

Originally Posted by RyanO

Not sure I can help there, but a question I’ve been asking myself is will those companies that are thriving so well during the Covid economy continue to do so when we do return to a semblance of normalcy? Perhaps some will, but others may lose some momentum.


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Maybe, it depends on how much their market share has grown and can be monetized. PTON will need to survive just like any other single piece of home gym equipment. I get it, people wont want to go to a crowded gym, but how long will they stick with their home program especially with a rather high cost IMHO?

Originally Posted by jpeezy14@hotmail.com

I don't think it's a bad idea to invest short term in these stocks and take the gains while they're there.

Do I plan on holding onto PTON for longer than a year or so? Probably not, unless it shows that it has the capacity to continue with the growth shown over the last few weeks.

It's not a fire and forget stock like a DIS or FB, but I'm an active investor and can pull the plug when needed.

Perhaps this is one approach if you can manage the trade.

I am not in either PTON or BYND

[beshannon]

A lot of data today, futures slightly down, I feel like the market is as confused as I am. Range bound trading, oil up, yields down, business reopening in places, unemployment sky high.



I am sitting and watching but will sell if needed and have kept my limits tight. I am not a buyer here as the value side has run too high for me.

https://www.thestreet.com/markets/5-...-friday-051520

Some PTON comments here

https://www.thestreet.com/investing/...-rcw-thestreet

[JParm]

https://seekingalpha.com/article/434...ket-to-go-down

Long read for the fundamentalists and everyone else on why you should want the stock market to go down.

I'm simply looking for good entry points.

[beshannon]

Originally Posted by jpeezy14@hotmail.com

https://seekingalpha.com/article/434...ket-to-go-down

Long read for the fundamentalists and everyone else on why you should want the stock market to go down.

I'm simply looking for good entry points.

Yes good article I read that one.

Selling down to more reasonable valuations, yes. Crashing down in a panic, NO.

Trade tensions today coupled with numbers that were already known to be bad have the futures really moving down. Support/value is ~2650 and I would not be unhappy to get back there for the longer term picture.

Current values are not sustainable IMHO

[McLovin]

Just wanted to say this is a great thread and kudos to everyone participating.

[beshannon]

Originally Posted by McLovin

Just wanted to say this is a great thread and kudos to everyone participating.

Lots of good ideas and info, glad to add what I can

[reddog4063]

Oil and Banks have been in the toilet so of course been buying those: BP, RDS.B and COP for oil and BAC and C for banks.
Also looked into cruise lines and found RCL to be the best out of the "big 3" so bought into that.
My outlook is 5-10 years from now so not concerned with the day-to-day. If they go down from here it just means its a sale and who can pass up a sale?

[beshannon]

Originally Posted by reddog4063

Oil and Banks have been in the toilet so of course been buying those: BP, RDS.B and COP for oil and BAC and C for banks.
Also looked into cruise lines and found RCL to be the best out of the "big 3" so bought into that.
My outlook is 5-10 years from now so not concerned with the day-to-day. If they go down from here it just means its a sale and who can pass up a sale?

I think the banks will be fine. There are bound to be bankruptcies and consolidation in both the energy and travel spaces

[JParm]

https://seekingalpha.com/news/357506...dminus-19-cure

Sorrento claims they have a cure....what effect will this have on the market today? Obviously a vaccine would be nicer.

[beshannon]

Originally Posted by jpeezy14@hotmail.com

https://seekingalpha.com/news/357506...dminus-19-cure

Sorrento claims they have a cure....what effect will this have on the market today? Obviously a vaccine would be nicer.

Interesting, very small unknown company might not be a mover for markets. The stock will get bid up based on hype just like MRNA, INO and GILD

Claims and actual studies with data are two very different things

[RyanO]

Originally Posted by jpeezy14@hotmail.com

https://seekingalpha.com/news/357506...dminus-19-cure

Sorrento claims they have a cure....what effect will this have on the market today? Obviously a vaccine would be nicer.

Very interesting, thanks for sharing. Will be interesting to see if this influences the markets. In the meantime, I'll remain hopeful that for the sake of the world economy, and all of the people dying, that maybe they're actually onto something.

[Duey]

Originally Posted by jpeezy14@hotmail.com

https://seekingalpha.com/news/357506...dminus-19-cure

Sorrento claims they have a cure....what effect will this have on the market today? Obviously a vaccine would be nicer.

I was reading about this last week -
https://www.hospimedica.com/covid-19...infection.html

Cool to watch the stock price move today from old news. Pump and Dump here ?

[Uggi]

Based on a comment on this thread a while back, and without any research at all, I took a total punt on Aurora Cannabis at 6.54. Pretty pleased about that today!

[RyanO]

Sorrento Therapeutics now up almost 200%. Wow. Almost wishing I had taken a speculative bite this morning at $4, now its at $8.

[gnuyork]

Originally Posted by RyanO

Sorrento Therapeutics now up almost 200%. Wow. Almost wishing I had taken a speculative bite this morning at $4, now its at $8.

Damn. That would have been a nice day of profits.